RBI Grade B 2021: New Exam Pattern and Syllabus

Published on Saturday, January 30, 2021

Major changes in RBI Grade B 2021 notification

  1. 50% of the Financial & Management and Economic & Social Issues papers are descriptive. You need to type on answers on the screen.
  2. Ethics added in the syllabus of Financial and Management.

The Reserve Bank of India is the apex governing body to regulate the banking institutions in India. RBI has released the notification for the recruitment of Grade B officers 2021. RBI Grade B is a prestigious position that comes with ample career opportunities and benefits from the Reserve Bank of India.


In this resource page, we are providing you with the new syllabus and exam pattern that RBI has released for the officers in Grade B (DR) General 2021.

Important Dates

Events

Important Dates

Website Link Open For Online Registration of Applications and Payment of Fees/Intimation Charges

January 28, 2021 to February 15, 2021

1. Officers in Grade B (DR)- General

Phase-I – Online Examination

March 6, 2021

Phase-II – Paper I, II & III Online Examination

April 1, 2021

Vacancy Details

Sr. No.

Posts

No. of Vacancies

1.

Officers in Grade ‘B’ (DR)- General-PY 2021

270

Educational Qualification

Posts

Minimum Educational Qualifications 

(as on 1st of January 2021)

1. Officers in Grade 'B' (DR) - (General)

  • Graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks (50% for SC/ST/PwBD applicants) or Post-Graduation / Equivalent technical qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years.

Note:

  • Any such full-time course from a recognised University / Institute that is taken after Class XIIth and is at least of 3 years’ duration/ candidates possessing professional and technical qualifications which are recognised by the Government as equivalent to professional and technical graduation will be eligible for admission to the examination.
  • Candidates who have passed the Final Examination for Membership of the Institute of Chartered Accountants of India may also apply for the post.

OR

  • Any such full-time course from a recognised University / Institute that is taken after graduation and is at least of 2 years’ duration / recognised by the Government as equivalent to post-graduation will be eligible for admission to the examination.

Age Criteria (As on 1st of January 2021)

Minimum Age Limit: 21 years
Maximum Age Limit (General): 30 years 
Maximum Age Limit (For candidates possessing M.Phil.): 32 years
Maximum Age Limit (For candidates possessing Ph.D): 34 years

Age Relaxation is as per Govt. norms as given below:

Category

Age Relaxation

Scheduled Caste or Scheduled Tribe

5 years

Other Backward Classes

3 years

PwBD

10 years

SC/ST/ PwBD

15 years

OBC PwBD

13 years

Application Fee and Intimation Charges

Sr. No.

Category

Charges

Amount*

1

SC/ST/PwBD

Intimation Charges only

Rs. 100/-

2

GEN/OBC/EWSs

Application fee including intimation charges

Rs. 850/-

3.

STAFF@

Nil

Nil

*Bank/Transaction charges are to be borne by the candidate. 
@ Fee/Intimation charges waiver is only for those employees of RBI (staff candidates) who satisfy the eligibility criteria separately stipulated by the Bank vide its circular CO. HRMD. No. G-75/ 5599/ 05.01.01/ 2013-2014 dated December 20, 2013. Their status as a staff candidate will be verified at the time of interview. In case they are not eligible to be treated as staff candidates (in terms of above referred HRMD circular), they are advised to indicate themselves as non-staff candidates and pay fees/ intimation charges as applicable to non-staff candidates.

Exam Pattern

Phase-I online Examination (Objective Type)

Subjects

No. of questions

Time Duration

General Awareness

80

120 minutes

English Language

30

Quantitative Aptitude

30

Reasoning Ability

60

Total Marks/Questions

200

Phase-II online Examination

Name of Paper

Type of Paper

Proposed Time (Minutes)

Proposed Number of questions

Marks

Paper-I: Economic and Social Issues

50% Objective Type and 50% Descriptive, answers to be typed with the help of the keyboard

30

90

Total-120

@

50

50

Total-100

Paper-II: English (Writing Skills)

Descriptive, answers to be typed with the help of the keyboard

90

3

100

Paper-III: Finance and Management

50% Objective Type and 50% Descriptive, answers to be typed with the help of the keyboard

30

90

Total-120

@

50

50

Total-100

For both Paper I and III, there will be 30 questions and 50 marks for Objective questions (some questions carrying 2 marks each and some carrying 1 mark each). In the case of Descriptive questions, 6 questions will be asked, of which candidates will be required to attempt 4 questions (2 of 15 marks each (with difficulty level) and 2 of 10 marks each). In case, the candidate answers more than 4 questions in descriptive, first 4 shall be evaluated. 

NOTE: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and in English. 

Phase-III: Interview

  • The interview will be of 75 marks.
  • Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.
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Syllabus for Phase-I online Examination (Objective Type)

Quantitative Aptitude

Reasoning

General Awareness

English Language

Data Interpretation

Statement and Assumptions

Current Affairs

Reading Comprehension

Number Series

Seating Arrangement

Dams/ Power plants/ National Parks

Para-jumbles

Data Sufficiency

Puzzles (Floor Based/  Month Based)

Organisations, Heads and Headquarters

Sentence-connectors

Partnership

Syllogism

Books and Authors

Double Fillers

Time and Work

Data Sufficiency

Cabinet Ministers and their Constituency
CM and Governors -India

Idioms and Phrases

Percentage

Machine Input/ Output

Countries - Capital/ Currency

Vocabulary based questions

Simplification

Blood Relation

Famous Waterfalls/ Rivers/ Bridges/ Hill/ Tribes/ Mountain Peaks

Error Spotting

Time Speed and Distance

Direction Sense Test

Stadiums and Museum

Match the sentences

Ratio and Proportion

Coding-Decoding

Games-Venue/ Host Countries

 

Simple/ Compound Interest

Statement & Assumption/ Arguments

Summits and Conferences

 
   

Dates and Days

 

Syllabus Phase-II online Examination

Paper-I - Economic and Social Issues (ESI):

Growth and Development 

  • Measurement of growth
  • National Income and per capita income 
  • Poverty Alleviation and Employment Generation in India 
  • Sustainable Development and Environmental issues.

Indian Economy

  • Economic History of India 
  • Changes in Industrial and Labour Policy, Monetary and Fiscal Policy since reforms of 1991 
  • Priorities and recommendations of Economic Survey and Union Budget 
  • Indian Money and Financial Markets: Linkages with the economy 
  • Role of Indian banks and Reserve Bank in the development process 
  • Public Finance 
  • Political Economy 
  • Industrial Developments in India
  • Indian Agriculture 
  • Services sector in India.

Globalization 

  • Opening up of the Indian Economy 
  • Balance of Payments
  • Export-Import Policy 
  • International Economic Institutions 
  • IMF and World Bank 
  • WTO 
  • Regional Economic Cooperation
  • International Economic Issues

Social Structure in India 

  • Multiculturalism 
  • Demographic Trends 
  • Urbanisation and Migration 
  • Gender Issues 
  • Social Justice: Positive Discrimination in favour of the underprivileged 
  • Social Movements 
  • Indian Political System 
  • Human Development 
  • Social Sectors in India
  • Health and Education.

Paper-II -English (Writing Skills):

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic. 

Paper-III - Finance and Management:

a) Financial System 

  1. Regulators of Banks and Financial Institutions
  2. Reserve Bank of India- functions and conduct of monetary policy
  3. Banking System in India – Structure and concerns, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, etc, Changing the landscape of the banking sector.
  4. Impact of the Global Financial Crisis of 2007-08 and the Indian response 

b) Financial Markets 

  • Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments. 

c) General Topics 

  1. Risk Management in Banking Sector
  2. Basics of Derivatives
  3. Global financial markets and International Banking – broad trends and latest developments.
  4. Financial Inclusion
  5. Alternate source of finance, private and social cost-benefit, Public-Private Partnership
  6. Corporate Governance in Banking Sector, the role of e-governance in addressing issues of corruption and inefficiency in the government sector.
  7. The Union Budget – Concepts, approach and broad trends
  8. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends; striking a balance between inflation and growth through monetary and fiscal policies.
  9. FinTech

d) Management: 

  • Fundamentals of Management & Organizational Behaviour: Introduction to management; Evolution of management thought: Scientific, Administrative, Human Relations and Systems approach to management; Management functions and Managerial roles; Nudge theory. 
  • Meaning & concept of organizational behaviour; Personality: meaning, factors affecting personality, Big five model of personality; the concept of reinforcement; Perception: concept, perceptual errors. 
  • Motivation: Concept, importance, Content theories (Maslow’s need theory, Alderfer's’ ERG theory, McCllelands’ theory of needs, Herzberg’s two-factor theory) & Process theories (Adams equity theory, Vroom's expectancy theory). 
  • Leadership: Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and Transformational Leadership; Emotional Intelligence: Concept, Importance, Dimensions. Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window; Conflict: Concept, Sources, Types, Management of Conflict; 
  • Organizational Change: Concept, Kurt Lewin Theory of Change; Organizational Development (OD): Organisational Change, Strategies for Change, Theories of Planned Change (Lewin’s change model, Action research model, Positive model).
  • Ethics at the Workplace and Corporate Governance: Meaning of ethics, why ethical problems occur in business. 
  • Theories of ethics: Utilitarianism: weighing social cost and benefits, rights and duties, Justice and fairness, ethics of care, integrating utility, rights, justice and caring, An alternative to moral principles: virtue ethics, teleological theories, egoism theory, relativism theory, 
  • Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing, etc.
  • Ethical Principles in Business: introduction, Organization Structure and Ethics, Role of Board of Directors, Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc. 
  • Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology

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